Companies once felt an obligation to support American workers, even when it wasn’t the best financial choice,” said Betsey Stevenson, the chief economist at the Labor Department until last September. “That’s disappeared. Profits and efficiency have trumped generosity.
Apple, America and a Squeezed Middle Class - NYTimes.com
Well, at that time, there was no globalization, and the companies did not have to get along with extreme cheap labour abroad, extra charges for environment protection and hordes of marxists in the Labour Dept.
